Market Size of Asia-Pacific Heavy-lift Helicopter Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Heavy-Lift Helicopter Market Analysis
The Asia-Pacific heavy-lift helicopter market is anticipated to register a CAGR of over 3% during the forecast period.
The supply chain disruption caused during the COVID-19 pandemic had affected the sales and production of heavy-lift helicopters in 2020 due to lockdown. Companies had to suffer as the expected revenue was not generated, resulting in major losses across the year. However, once the pandemic restrictions were lifted off, heavy-lift helicopter production started to get agile.
Heavy-lift helicopters have been witnessing high demand from the military sector, due to the inherent advantages offered by such helicopters in the transportation of troops, equipment, cargo, and other equipment, such as armored vehicles, which cannot be otherwise lifted and transported to the battlefield by other regular means because of their high weight, inaccessibility, and long-distance transport requirements. The demand for these helicopters for offshore applications is one of the main growth drivers bolstering the growth of the commercial segment of the market.
